Baader Bank Aktiengesellschaft Sells 744 Shares of Hormel Foods Co. (NYSE:HRL)

Baader Bank Aktiengesellschaft cut its holdings in Hormel Foods Co. (NYSE:HRL) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,566 shares of the company’s stock after selling 744 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Hormel Foods were worth $519,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in Hormel Foods during the third quarter valued at approximately $32,000. Prospera Private Wealth LLC purchased a new position in Hormel Foods during the 3rd quarter valued at $39,000. GAMMA Investing LLC grew its holdings in shares of Hormel Foods by 516.9% in the third quarter. GAMMA Investing LLC now owns 1,351 shares of the company’s stock worth $43,000 after purchasing an additional 1,132 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Hormel Foods during the third quarter worth approximately $47,000. Finally, McIlrath & Eck LLC lifted its holdings in shares of Hormel Foods by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 1,981 shares of the company’s stock worth $63,000 after buying an additional 638 shares during the period. 40.99% of the stock is currently owned by institutional investors.

Hormel Foods Trading Up 0.8 %

NYSE HRL opened at $30.44 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.32 and a quick ratio of 1.19. Hormel Foods Co. has a 12 month low of $28.51 and a 12 month high of $36.86. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 2.84 and a beta of 0.26. The firm’s fifty day moving average price is $31.38 and its 200 day moving average price is $31.47.

Hormel Foods (NYSE:HRL) last posted its earnings results on Wednesday, December 4th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Hormel Foods had a net margin of 6.75% and a return on equity of 10.95%. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the company posted $0.42 EPS. Hormel Foods’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, sell-side analysts expect that Hormel Foods Co. will post 1.67 earnings per share for the current fiscal year.

Hormel Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, January 13th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.81%. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.28. Hormel Foods’s dividend payout ratio (DPR) is 79.45%.

Insider Activity

In other Hormel Foods news, VP Steven J. Lykken purchased 4,904 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $32.47 per share, with a total value of $159,232.88. Following the acquisition, the vice president now owns 7,100 shares of the company’s stock, valued at approximately $230,537. This represents a 223.32 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HRL shares. BNP Paribas assumed coverage on shares of Hormel Foods in a report on Monday, October 21st. They issued an “underperform” rating and a $28.00 target price for the company. Stephens began coverage on Hormel Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $31.00 price objective for the company. Barclays raised shares of Hormel Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Citigroup cut their target price on shares of Hormel Foods from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.17.

Hormel Foods Profile

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others.